Go Finance Reporting - Composite Stock Price Index (IHSG) re-experiencing weakening quite deep. One of the triggers are foreign investors began to exit the stock market, because the transferred funds to the developed countries that economic growth began to walk.
"Foreign appeared to start doing profit-taking, because economic growth has started (running) in developed countries. So the rate of return (in return) is higher there (country willing)," said Head of Research PT Paramitra Alfa Sekuritas Pardomuan Sihombing when contacted Legal, in Jakarta, Monday (10/01/2011).
In addition, he explained if the initial attenuation is due to the already high index that triggered profit taking. This profit taking, continued high inflation worries also appear to haunt investors.
Therefore, news of rising electricity tariff (TDL) for the industry and the issue of restrictions on fuel subsidies will affect the inflation scourge Weakness index today.
He considered the weakening trend of this index will take a long time (long term), even according to him will take place throughout this year 2011. "Because this year, economic growth in developed countries will increasingly run, and the funds come out even higher," he added.
For support, he said he would be at position 3450. If the level is exceeded, then the index will be testing the next support level of 3300.
IHSG, on Monday (01/10/2011) I closed the session slumped 145.93 points, or 4.02 percent to 3485.52. Even this share index was down 152 points to the position of 3478.431.
LQ45 sinkhole 29.82 points to 612.71 and the Jakarta Islamic Index (JII) also fell 19.52 points to 493.4. Transaction up to this afternoon carrying Rp3, 735 trillion, with trade volume 5.103 billion shares.
A total of 242 shares plummeted, 27 share price unchanged, and only 17 stocks rose. Foreign transaction itself increasingly worried by the action of net selling up to Rp934, 56 billion. (GoFinance)
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